The SEK was up after the Riksbank lowered interest rates to 1.75% from 2.00%. There are two explanations for this counterintuitive move in the SEK. Firstly, the Swedish central bank delivered on the expected 25 bp of...
EUR bears are out in full force. According to the most recent CFTC Commitment of Traders Report, speculators in the futures market have built their largest EUR short position since May 2010.
As the holiday season approaches liquidity in the FX markets typically dries up as trading desks operate on skeleton staffs. However, with the European debt crisis coming to a head, the last two weeks of the year...
Following the decision by the SNB to keep the EUR/CHF floor unchanged 1.20, the CHF strengthened the most since September. As the European debt crisis comes to a head, perhaps this could be the time investors test...
The EUR/USD was trading below the 1.30 level for the first time since the beginning of the year. Market sentiment continues to move lower and the threat of an oncoming EU recession could drag the EUR lower...
As the latest SNB Monetary Policy Assessment approaches there has been speculation of an impending move by the SNB to raise the floor of the EUR/CHF to 1.25 or perhaps 1.30 from its current 1.20 level.
The USD was up across the board yesterday prior to today’s FOMC meeting. With such key events occurring near the end of last week perhaps investors took the weekend to digest the news from Europe before sending...
As investors remain fixated on events in Europe FX traders may overlook an important Fed meeting. If the euro zone succeeds in restoring some sense of stability investors could begin to refocus their attention on the loose...
During yesterday’s press conference European Central Bank President Mario Draghi laid out 3-pillars for the “Fiscal Compact”. He also stressed the ECB will not use QE nor will it purchase unlimited amounts of European bonds. The EUR...
ECB President Mario Draghi has hinted at his willingness to support European nations with additional bond purchases if European governments will move to restore investor confidence in the euro zone.
